Laws, Regulations & Annotations

Property Taxes Law Guide – Revision 2015

Property Tax Annotations

250.0000 COLLEGE EXEMPTION

Annotation 250.0012

250.0012Medical School Facilities. A university medical school leases medical clinic facilities to nonprofit corporations comprised of doctors/faculty groups on the university medical school faculty, under the control of department chairpersons. The property is used to provide medical services to patients as well as required clinical training for medical students, interns and residents. All the patients are patients of the faculty practice groups, rather than patients of individual doctors, and the income generated from the clinical practice is used to support the medical school. Thus, the property used by the faculty practice groups to conduct clinical practices is exempt as property used exclusively for educational purposes by a nonprofit institution of higher education. C 12/10/1999.